Asian moly ox buyers bid $10.80-11/lb ahead of tender

摘要

South Korean traders planning to participate in a 20-30 mt ferromolyb-denum buy tender closing Friday have bid $10.80-11/lb CIF Busan for moly oxide powder, market sources said Wednesday. A South Korean steelmaker issued a 20-30 mt ferromoly buy tender for delivery by November 16 to Changwon, the traders said. “The expected award level is the moly oxide feedstock price of $10.80/lb or below, so the tender participants will bid at this level,” a South Korean trader said.